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...The world’s largest sovereign wealth fund has sharply criticised ExxonMobil’s decision to sue two shareholders that filed a climate proposal at the US oil major, pursuing the litigation even after they dropped...
...This includes the CPC pipeline carrying oil from Kazakhstan through Russia to the global market. Western companies including ExxonMobil and Chevron use the pipeline, which Moscow briefly shut in 2022....
...ExxonMobil’s chief financial officer said the US oil major was closely watching the “pretty troubling” geopolitical events in the Middle East and Russia as the company reported first-quarter profits that...
...Kathryn Mikells, ExxonMobil’s chief financial officer, blamed non-cash items mainly linked to tax, inventory and balance sheet adjustments and divestments for its earnings miss....
...Roche has cut a fifth of its drug pipeline in six months, shedding prospective cancer and neurology treatments as the Swiss company seeks to revitalise its business under new chief executive Thomas Schinecker...
...“Now that we have withdrawn, the company has no reason to continue the lawsuit.”...
...Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation, which are asserting their right to pre-empt its purchase...
...The Barossa Project is a crucial development for Santos, the A$24bn ($15.7bn) Adelaide-based company that traces its roots to the 1950s....
...Any company in our position would do the same thing.”...
...between companies and environmental activists....
...dioxide pipeline network through the acquisition of oil group Denbury....
...Surging US oil production has helped ExxonMobil and Chevron notch their second-biggest annual profits in a decade despite a slide in prices that tempered earnings from the records hit in 2022....
...“With this remarkable step, ExxonMobil clearly wants to prevent shareholders using their rights,” responds Mark van Baal of Follow This....
...Investors have withdrawn a climate resolution at ExxonMobil after the oil supermajor sued them, in a retreat likely to have a chilling effect on similar forms of shareholder activism....
...The IPO pipeline for 2024 is likely to be filled by smaller names with more pressing funding needs. elaine.moore@ft.com...
...This year the oil company has had enough....
...Karen McKee, the head of product solutions for ExxonMobil, one of the world’s largest producers of plastic, told the Financial Times: “The issue is pollution. The issue is not plastic.”...
...ExxonMobil is one of the world’s largest oil and gas companies. It has invested more than €20bn in Europe over the past ten years....
...ExxonMobil remains on the hunt for deals even after unveiling its biggest transaction this century, the company said on Friday, as it and rival Chevron reported profits that fell short of Wall Street expectations...
...The company, which made record profits in 2022 on surging prices following Russia’s invasion of Ukraine, is betting that strong oil demand will continue for decades....
...and 2 pipelines at the bottom of the Baltic Sea....
...But treating pain or managing chronic disease is the endpoint of the pipeline....
...ExxonMobil has agreed to join the UN’s flagship methane emissions reporting programme as it seeks to present a more transparent image after years of resisting external monitoring of its approach to climate...
...with GHGSat, a company backed by a climate investment fund founded by OGCI....
...ExxonMobil, the largest US oil company, has been scouring for deals to expand production and is flush with cash after higher energy prices delivered bumper profits....
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